Nexco Resources Inc. (CNSX:NXU) closed a non-brokered private placement of 3,399,999 units at a price of CAD 0.075 per unit for gross proceeds of up to CAD 255,000 on October 16, 2020. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant will be exercisable to purchase an additional common share at an exercise price of CAD 0.15 per warrant share expiring until October 16, 2023. The securities issued are subject to a four month hold period expiring February 17, 2021. The company didn't pay finders' fees in the transaction.